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Financial
Distress signals
Property profile

118 E Main St New Albany, OH 43054

FOR SALE
Office Spaces
Property ID
US66-6264034
1,600 SF 0.02 ac lot Built 2006
Last sale May 2021 · $359,900
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Market Trends Soon
118 E Main St, New Albany, OH 43054 For Sale 1 / 38
Contact for pricing 1,600 SF
118 E Main St, New Albany, OH 43054
View Listing

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$14k
Tax billed · 2023
Assessed value$178k
Assessed land$26k
Assessed improvement$152k
Effective rate8.03%

Value estimate

· Oct 2026
$295k
$266k – $325k
AI approach$285k
NOI build-up
Gross scheduled income$35k
Vacancy & credit loss−$8k
Operating expenses−$7k
NOI · 5.47% cap applied$20k

Realmo valuation models over county records and 11 qualifying comparable sales.

Recently sold

What actually traded nearby?
$137/SF
County average, outlier-cleaned · 823 recorded sales of this use type
Observed band · Q1–Q3$75 – $211
Qualifying comparables11

Cap rate analysis

How does the asset earn?
5.47%
$20k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionFRANKLIN

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply13.3
Auto Repair Shop11.3
Auto Parts Store11.1

Location

118 E Main St New Albany, OH 43054
County assessor Recorded deeds · 5 transfers 11 qualifying comp sales Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 14 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
88 High, New Albany, OH 43054-8507 $300,000 Jan 2024 1,996 SF
102 Main, New Albany, OH 43054-9143 $605,000 Oct 2022 1,600 SF
5121 Frst Dr Ste, New Albany, OH 43054-7086 $210,000 Mar 2021 1,097 SF
138 Main, New Albany, OH 43054-9143 $110,000 Jun 2020 1,600 SF
43 3rd, New Albany, OH 43054-9785 $680,000 Dec 2019 2,388 SF
5101 Frst Dr Ste, New Albany, OH 43054-8226 $430,000 Aug 2019 2,298 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby

Comparable nearby

  • Value Estimation by Request
    1,600 SF
    102 Main St
    CONDOMINIUM OFFICES
    102 Main St, New Albany, OH 43054-9143
    View Details
  • Value Estimation
    $240,000
    1,600 SF
    142 Main St
    CONDOMINIUM OFFICES
    142 Main St, New Albany, OH 43054-9143
    View Details
  • Value Estimation
    $235,000
    1,600 SF
    150 Main St
    CONDOMINIUM OFFICES
    150 Main St, New Albany, OH 43054-9143
    View Details
  • Value Estimation
    $170,000
    1,600 SF
    138 Main St
    CONDOMINIUM OFFICES
    138 Main St, New Albany, OH 43054-9143
    View Details
  • Value Estimation
    $235,000
    1,560 SF
    146 Main St
    CONDOMINIUM OFFICES
    146 Main St, New Albany, OH 43054-9143
    View Details
  • Value Estimation
    $300,000
    1,552 SF
    4689 Reynoldsburg New Albany Rd
    OFFICE BUILDING
    4689 Reynoldsburg New Albany Rd, New Albany, OH 43054-9585
    View Details

Similar Nearby for Sale

  • New
    Contact for pricing
    3,200 SF
    Turnkey Two-Story Office Condominium
    Built in 2010 with upgraded finishes, a light-filled reception, multiple private offices, and kitchenettes across two levels.
    130 E Main Street #G, New Albany, OH 43054
    View Details
  • Contact for pricing
    Historic Storefront with Flexible Layout
    Historic commercial space with multiple work areas, private offices, updated building systems, and off-street parking.
    45 2nd Street, New Albany, OH 43054
    View Details

Similar Nearby for Lease

  • $37.50 SF/Yr
    1,600 sqft
    Two-Story Office/Retail Condo Suite
    Two-story brick suite with rear parking access and building signage, suited for professional office or retail users.
    150 E Main St, New Albany, OH 43054
    View Details
  • New
    $3,500/Mo
    2,275 sqft
    Historic Storefront with Flexible Layout
    Updated HVAC, newer roof, and shared common-area amenities support varied commercial use.
    45 2nd Street, New Albany, OH 43054
    View Details
  • $28.50 SF/Yr
    2,470 sqft
    Vanilla Box Storefront
    Vanilla box storefront with base utilities and TI allowance available, positioned on a highly visible corner adjacent to Vision Professionals.
    5175 Forest Dr, New Albany, OH 43054
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  • New
    Contact for pricing
    2,600 sqft
    Downtown Office Space Available
    Office space for rent in downtown New Albany.
    153 West Main Street, New Albany, OH 43054
    View Details
  • New
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    2,800 sqft
    Office Suite with Concierge
    Flexible office suite options are available in Smiths Mill Office Park near major routes and healthcare employers.
    5051 Forest Dr, New Albany, OH 43054
    View Details
  • New
    $4,000/Mo
    4,800 sqft
    Flexible Office Units
    Open-plan professional workspace with multiple private offices in a landscaped New Albany setting.
    6648 E Walnut Street, New Albany, OH 43054
    View Details
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